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Nonprofiteer
← PAEON HEALTH SERVICES INC

Form 990 for tax year 2022

Filed by PAEON HEALTH SERVICES INC.

Totals

Total revenue
$6,787,403
Total expenses
$6,198,841
Contributions and grants received
$4,830,000
Grants paid
$0
Program service revenue
$1,957,403
Investment income
$0
Other revenue
$0
Total assets, end of year
$871,209
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$871,209
Program services expenses (Part IX)
$6,122,864
Management and general expenses
$75,977
Fundraising expenses
$0
Program service expenses (Part III)
$6,122,864

Program services were 98.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $4,830,000

  • 2a · Program service revenue: FEES FOR SERVICES

    total $1,957,403 · related or exempt $1,957,403

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $4,643,217 · program services $4,643,217

  • 8 · Pension plan contributions

    total $5,386 · program services $5,386

  • 9 · Other employee benefits

    total $335,923 · program services $335,923

  • 10 · Payroll taxes

    total $222,392 · program services $222,392

  • 11b · Fees: legal

    total $3,887 · management and general $3,887

  • 11g · Fees: other

    total $625,295 · program services $584,429 · management and general $40,866

  • 13 · Office expenses

    total $9,054 · management and general $9,054

  • 16 · Occupancy

    total $79,712 · program services $79,712

  • 17 · Travel

    total $21,480 · management and general $21,480

  • 23 · Insurance

    total $239,320 · program services $239,320

  • 24a · Other expenses: BUSINESS LICENSES & PER

    total $6,856 · program services $6,856

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $4,030 · program services $4,030

  • 24c · Other expenses: CONTINUING EDUCATION

    total $1,599 · program services $1,599

  • 24d · Other expenses: PROPERTY TAXES - EQUIPM

    total $690 · management and general $690

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $229,288 · end of year $824,524

  • 9 · Prepaid expenses and deferred charges

    beginning of year $53,359 · end of year $46,685

  • 27 · Net assets without donor restrictions

    beginning of year $282,647 · end of year $871,209

Mission and programs · 2022

Mission

THERE IS NO BOARD ADOPTED MISSION STATEMENT.

Activities or mission (Part I)

FACILITATE PROVISION OF HEALTH CARE & OTHER SOCIAL SERVICES TO INDIVIDUALS INCLUDING THE INDIGENT.

  • TERREBONNE PARISH HAS A SIGNIFICANT NEED FOR MEDICAL SERVICES FOR THE INDIGENT, INCLUDING THOSE WHO ARE ELIGIBLE TO PARTICIPATE IN THE MEDICAID PROGRAM. TO ACCOMPLISH ITS CHARITABLE PURPOSES, THE CORPORATION EMPLOYS PHYSICIANS PROVIDING PROFESSIONAL HEALTHCARE SERVICES FOR THE LOW-INCOME POPULATION. AS OF DECEMBER 2022, PAEON HEALTH SERVICES (PHS) EMPLOYED 28 PHYSICIANS, WHO SPECIALIZE IN AREAS SUCH AS ANESTHESIOLOGY, PATHOLOGY, PHYSICAL MEDICINE, AND NEONATOLOGY. PHS PHYSICIANS TREATED 8744 PATIENTS IN 2022, OF WHICH 23% ARE MEDICAID PATIENTS AND 30% ARE MEDICARE PATIENTS.

    Expenses $6,122,864 · Revenue $1,957,403

As filed on the 2022 return.

Listed in Part VII

  • Peter C November

    DIRECTOR/SECRETARY/TREASURER

    Total calculated
    $3,953,951
    From this org
    $0
    From related orgs
    $3,923,201
    Other
    $30,750
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,211,021 related
    Bonus
    $0 + $1,496,000 related
    Other
    $0 + $1,216,180 related
    Deferred
    $0 + $6,800 related
    Nontaxable benefits
    $0 + $23,950 related
    Filer's total
    $0 + $3,953,951 related

  • Scott J Posecai

    DIRECTOR/PRESIDENT

    Total calculated
    $2,478,458
    From this org
    $0
    From related orgs
    $2,445,735
    Other
    $32,723
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $907,306 related
    Bonus
    $0 + $600,000 related
    Other
    $0 + $938,429 related
    Deferred
    $0 + $6,800 related
    Nontaxable benefits
    $0 + $25,923 related
    Filer's total
    $0 + $2,478,458 related

  • Willard T Dalton MD

    PHYSICIAN

    Total calculated
    $359,256
    From this org
    $302,904
    From related orgs
    $0
    Other
    $56,352
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $289,108
    Bonus
    $5,301
    Other
    $8,495
    Deferred
    $18,300
    Nontaxable benefits
    $38,052
    Filer's total
    $359,256

  • Francis Lewis MD

    PHYSICIAN

    Total calculated
    $532,038
    From this org
    $488,277
    From related orgs
    $0
    Other
    $43,761
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $434,085
    Bonus
    $0
    Other
    $54,192
    Deferred
    $18,300
    Nontaxable benefits
    $25,461
    Filer's total
    $532,038

  • Bedford Nieves-Cruz MD

    PHYSICIAN

    Total calculated
    $500,673
    From this org
    $435,758
    From related orgs
    $0
    Other
    $64,915
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $376,316
    Bonus
    $0
    Other
    $59,442
    Deferred
    $18,300
    Nontaxable benefits
    $46,615
    Filer's total
    $500,673

  • Michael Prejean MD

    PHYSICIAN

    Total calculated
    $544,218
    From this org
    $507,785
    From related orgs
    $0
    Other
    $36,433
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $470,439
    Bonus
    $0
    Other
    $37,346
    Deferred
    $18,300
    Nontaxable benefits
    $18,133
    Filer's total
    $544,218

  • Jared M Roussel MD

    PHYSICIAN

    Total calculated
    $495,993
    From this org
    $476,722
    From related orgs
    $0
    Other
    $19,271
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $462,684
    Bonus
    $0
    Other
    $14,038
    Deferred
    $12,200
    Nontaxable benefits
    $7,071
    Filer's total
    $495,993

  • Russell P Henry MD

    FORMER KEY EMPLOYEE

    Total calculated
    $267,352
    From this org
    $235,776
    From related orgs
    $0
    Other
    $31,576
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $220,000
    Bonus
    $15,776
    Other
    $0
    Deferred
    $10,391
    Nontaxable benefits
    $21,185
    Filer's total
    $267,352

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE OFFICERS OF PAEON HEALTH SERVICES, INC. ARE NOT COMPENSATED BY PAEON HEALTH SERVICES, INC., BUT ARE COMPENSATED BY RELATED ORGANIZATIONS FOR THEIR ROLES AS OFFICERS OF THE OCHSNER CLINIC FOUNDATION. THE PROCESS FOR DETERMINING COMPENSATION IS DESCRIBED ON THE FORM 990 OF OCHSNER CLINIC FOUNDATION (TIN# 72-0502505). THE METHODS USED INCLUDE A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, WRITTEN EMPLOYMENT CONTRACTS, A COMPENSATION SURVEY, AND APPROVAL BY THE COMPENSATION COMMITTEE.
PART I, LINE 4B
THE FOLLOWING PEOPLE PARTICIPATE IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) WHICH IS PART OF THE TERMS AND CONDITIONS OF THEIR EMPLOYMENT CONTRACTS WITH OCHSNER CLINIC FOUNDATION AND IS BASED ON A TARGETED REPLACEMENT OF A SET PERCENTAGE OF THEIR SALARY AT AGE 65. THE SERP IS CLASSIFIED AS A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. THIS BENEFIT IS FUNDED IN A TRUST ACCOUNT WITH HANCOCK WHITNEY BANK. FOLLOWING IS A LIST OF PARTICIPANTS, THEIR TITLE WITH THE SPONSORING ORGANIZATION, AND ANY DISTRIBUTIONS MADE IN 2022: * PETER NOVEMBER, CHIEF EXECUTIVE OFFICER; DISTRIBUTION OF $515,591 * SCOTT POSECAI, EXECUTIVE VICE PRESIDENT, CFO, AND TREASURER; DISTRIBUTION OF $395,254

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • IMPACT TALENT SOLUTIONS I LLC (BEG 082022)

    RELATED · STAFFING SERVICES · DE

    Directly controlled by OCHSNER HOLDCO CORPORATION

  • MERIDIAN SURGERY CENTER LLC (BEG 072022)

    RELATED · AMBULATORY SURGERY CENTER · MS

    Directly controlled by RUSH MEDICAL FOUNDATION OCHSNER RUSH MEDICAL CENTER

  • MTS-LGH THERAPY SERVICES LLC MCLEOD-TRAHAN-SHEFFIELD PHYSICAL THERAPY SER

    RELATED · PHYSICAL THERAPY · LA

    Directly controlled by LAFAYETTE GENERAL HEALTH SYSTEM INC OCHSNER LAFAYETTE GENERAL

  • OCHSNER KIDNEY CARE LLC

    RELATED · RENAL DIALYSIS CENTERS · LA

    Directly controlled by OCHSNER CLINIC FOUNDATION

  • OIL CENTER SURGICAL PLAZA LLC

    RELATED · SURGERY CENTER · LA

    Directly controlled by LAFAYETTE GENERAL MEDICAL CENTER INC OCHSNER LAFAYETTE GENERAL MEDICAL C

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • COMMUNITY MEDICAL GROUP-ST CHARLES INC

    C · CLINICAL SERVICES · LA

    Directly controlled by SATYR CLINICAL SERVICES INC

  • DEUTERON REALTY

    C · NOMINEE REAL ESTATE CORPORATION · LA

    Directly controlled by OCHSNER CLINIC FOUNDATION

  • HYDRA CLINICAL SERVICES INC

    C · MEDICAL SERVICES-INDIGENT CARE · LA

    Directly controlled by OCHSNER CLINIC FOUNDATION

  • LG INDEMNITY COMPANY LTD

    C · CAPTIVE INSURANCE · CJ

    Directly controlled by LAFAYETTE GENERAL HEALTH SYSTEM INC OCHSNER LAFAYETTE GENERAL

  • MANAGED HEALTH CARE INC (BEG 072022)

    C · MANAGED HEALTHCARE · MS

    Directly controlled by RUSH HEALTH SYSTEMS INC OCHSNER RUSH HEALTH

  • MILLENNIUM HEALTHCARE MANAGEMENT INC

    C · MEDICAL SERVICES · LA

    Directly controlled by OCHSNER URGENT CARE 1 LLC

  • OCHSNER DIVERSIFIED BUSINESS CORPORATION

    C · MEDICAL SUPPLIES MANUFACTURING · DE

    Directly controlled by OCHSNER HOLDCO CORPORATION

  • OCHSNER HEALTH PLAN INC

    C · INSURANCE-HEALTH MAINTENANCE ORGANIZATION · LA

    Directly controlled by OHPI LLC

  • OCHSNER HOLDCO CORPORATION

    C · HOLDING COMPANY · DE

    Directly controlled by OCHSNER CLINIC FOUNDATION

  • OCHSNER LWHA CORPORATION

    C · MEDICAL SERVICES-WOMENS · DE

    Directly controlled by OCHSNER HOLDCO CORPORATION

  • PEAVEY INVESTMENT COMPANY INC (BEG 072022)

    C · PROPERTY RENTAL · MS

    Directly controlled by RUSH SERVICE COMPANY INC

  • PHYSICIAN MANAGEMENT SERVICES INC (BEG 072022)

    C · HEALTHCARE MANAGEMENT · MS

    Directly controlled by PHYSICIAN SERVICES LLC

  • RURAL HEALTHCARE MANAGEMENT INC (BEG 072022)

    C · HEALTHCARE MANAGEMENT · MS

    Directly controlled by RUSH SERVICE COMPANY INC

  • RUSH SERVICE COMPANY INC (BEG 072022)

    C · PROPERTY RENTAL · MS

    Directly controlled by RUSH HEALTH SYSTEMS INC OCHSNER RUSH HEALTH

  • SATYR CLINICAL SERVICES INC

    C · MEDICAL SERVICES-INDIGENT CARE · LA

    Directly controlled by OCHSNER CLINIC FOUNDATION

  • THE MEDICAL STORE INC (BEG 072022)

    C · DURABLE MEDICAL EQUIPMENT SALES · MS

    Directly controlled by RUSH HEALTH SYSTEMS INC OCHSNER RUSH HEALTH

  • THE MERIDIAN ANESTHESIOLOGY GROUP INC (BEG 072022)

    C · ANESTHESIOLOGY SERVICES · MS

    Directly controlled by MEDICAL FOUNDATION INC

Provenance

Return type
form_990
Tax year
2022
Filed
9 February 2024
IRS schema version
2022v5.0
Source object
202410409349301701

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